Yellow Door Energy, a leading sustainable energy partner for businesses in the Middle East and Africa, successfully commissioned 14 solar power plants across the UAE, Bahrain and Oman, adding 20 megawatts-peak (MWp) to its rapidly expanding portfolio. Additionally, Yellow Door Energy acquired five operating projects in Oman with a total capacity of 3.5 MWp, further solidifying its leadership position in the region.
In the first half of 2024, Yellow Door Energy also raised US$28 million in debt financing, which will allow the company to further its commitment to providing solar leases and renewable energy solutions to commercial and industrial businesses. This latest funding builds on the company’s successful US$400 million in equity raised in 2022, which supports the ongoing development of sustainable energy projects across the Middle East and Africa.
With over 240 MWp of projects in various stages of operation, construction and planning, Yellow Door Energy has consolidated its position as the top solar company in the region. The projects are developed through innovative solar leases or power purchase agreements (PPAs), enabling business owners to transition to solar power and significantly reduce electricity costs without incurring any upfront capital expenditure.
The new solar power plants feature 46,000 solar panels, utilising rooftop solar, ground-mounted solar and carport solar applications. More than 260,000 person-hours were dedicated to constructing the solar power plants, all completed with zero recordable incidents.
This achievement highlights Yellow Door Energy’s commitment to rigorous quality, health, safety, security and environmental (QHSSE) practices and their strict implementation across all its projects.
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